STEEM - We are still sitting on the 1$ resistance line

in steem •  6 years ago 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

téléchargement.png

We were not able till now to really break that resistance line. Yes, we go little higher but some hours after we just went lower so yeah we cannot consider that as a clean break. When we will really break this kind of important resistance, we will have an immediate break out because lot of traders are waiting these kind of levels to start to buy or sell. So here, the market is still hesistating and so till now this line is still an objective to break.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Those who create on Steemit will be rewarded. The Steem Price will do whatever it is going to do. Just be Consistent and keep being Social........

If nothing else it's a mental line to break. The 1 dollar line is a massive mental barrier and you could feel the pain when steem dropped below that price after having such a good year. Even when other cryptos were dropping fast we had held a decent level for a long time until bang. 85c. It would be great to see it rising again.

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why?